Vietnam: Pork prices nationwide increase rapidly, new price peaks appear in many provinces

Published 2024년 12월 20일

Tridge summary

Pig prices in Vietnam have been on a steady rise, reaching a high of 68,000 VND/kg in the North and 67,000 VND/kg in the South due to increased demand for pork during the year-end Tet holiday. C.P Vietnam Livestock Company has raised its pig price to 67,000 - 68,000 VND/kg, capitalizing on falling animal feed prices. The price increase is further supported by a supply shortage following storm No. 3 in September and efforts to control diseases in the industry. Despite challenges such as the African Swine Fever epidemic, pig farming remains profitable, with large-scale farms like BAF Vietnam Agriculture Joint Stock Company leveraging lower production costs to gain a competitive edge. The country's pork output is expected to grow by 3% to 3.8 million tons, supported by herd expansion and improved ASF management.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Pig price today, December 20, 2024, continuously increasing. The North increased simultaneously in all provinces, the peak price of 68,000 VND/kg appeared in many places. The average price of the region reached a high of 67,500 VND/kg. The Central provinces increased by 1-2 prices in the same direction, fluctuating between 64,000 - 68,000 VND/kg. The South with a good price of 67,000 VND/kg in Dong Nai, Vung Tau and Tay Ninh; the remaining provinces traded around an average of 65,100 VND/kg. The demand for pork consumption to prepare for the year-end Tet holiday is increasing, helping the pig price continuously set new peaks. The average pig price nationwide has reached approximately 66,000 VND/kg. C.P Vietnam Livestock Company has also adjusted the pig price to increase to 67,000 - 68,000 VND/kg nationwide. In the context of falling animal feed prices, the profits of livestock farmers are quite high. Previously, the listed price of live pigs in the Southern region of C.P Vietnam ...

Source: Danviet